v3.26.1
Loans To Customers (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Of Loans to Customers [Abstract]  
Summary of Loans to Customers
    
December 31,
    
December 31,
  
    
2024
    
2025
  
    
RMB’000
    
RMB’000
  
Loans originated by consolidated trust plans
      61,447,339       38,030,617  
Loans originated by financial institutions
      57,507,164       74,412,773  
  
 
 
    
 
 
  
     118,954,503       112,443,390  
Interest receivable
      1,097,686       1,168,678  
Less: Provision for impairment losses
      (8,543,520 )      (11,321,094 ) 
Stage 1
      (5,740,230 )      (5,498,010 ) 
Stage 2
      (1,084,589 )      (2,663,206 ) 
Stage 3
      (1,718,701 )      (3,159,878 ) 
  
 
 
    
 
 
  
     111,508,669       102,290,974  
  
 
 
    
 
 
  
Expected credit loss rate
      7.12 %      9.96 % 
  
 
 
    
 
 
  
Summary of Movement in Loans to Customers
(c)
The following table sets forth the movements of the gross carrying amount of loans to customers for the year ended December 31, 2023:
 
Year ended December 31, 2023
   
Stage 1
     
Stage 2
     
Stage 3
     
Total
  
    
RMB’000
     
RMB’000
     
RMB’000
     
RMB’000
  
As of January 1, 2023
  
 
213,091,088
 
  
 
3,960,712
 
  
 
1,457,823
 
  
 
218,509,623
 
New loans originated
      126,598,504        —         —         126,598,504  
Transfers
            
— From stage 1 to stage 2
      (21,110,727 )       21,110,727        —         —   
— From stage 2 to stage 1
      742,373        (742,373 )       —         —   
— From stage 2 to stage 3
      —         (7,097,203 )       7,097,203        —   
— From stage 3 to stage 2
      —         7,586        (7,586 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (186,954,113 )       (14,425,652 )       (188,709 )       (201,568,474 ) 
Write-offs
      —         —         (6,571,866 )       (6,571,866 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2023
   
 
132,367,125
 
   
 
2,813,797
 
   
 
1,786,865
 
   
 
136,967,787
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(d)
The following table sets forth the movements of ECL allowance for the year ended December 31, 2023:
 
Year ended December 31, 2023
   
Stage 1
     
Stage 2
     
Stage 3
     
Total
  
    
RMB’000
     
RMB’000
     
RMB’000
     
RMB’000
  
As of January 1, 2023
  
 
4,481,912
 
  
 
1,197,126
 
  
 
1,383,940
 
  
 
7,062,978
 
New loans originated
      1,929,629        —         —         1,929,629  
Transfers
            
— From stage 1 to stage 2
      (6,016,218 )       6,016,218        —         —   
— From stage 2 to stage 1
      166,232        (166,232 )       —         —   
— From stage 2 to stage 3
      —         (6,209,153 )       6,209,153        —   
— From stage 3 to stage 2
      —         7,070        (7,070 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (2,277,971 )       (400,954 )       (184,192 )       (2,863,117 ) 
Remeasurements
      6,150,381        707,994        648,703        7,507,078  
Write-offs
      —         —         (6,571,866 )       (6,571,866 ) 
Recovery of loans written off previously
      —         —         209,131        209,131  
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2023
   
 
4,433,965
 
   
 
1,152,069
 
   
 
1,687,799
 
   
 
7,273,833
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
 
 
(e)
The following table sets forth the movements of the gross carrying amount of loans to customers for the year ended December 31, 2024:
 
Year ended December 31, 2024
   
Stage 1
     
Stage 2
     
Stage 3
     
Total
  
    
RMB’000
     
RMB’000
     
RMB’000
     
RMB’000
  
As of January 1, 2024
   
 
132,367,125
 
   
 
2,813,797
 
   
 
1,786,865
 
   
 
136,967,787
 
New loans originated
      149,102,654        —         —         149,102,654  
Acquisition of subsidiaries
      2,031,369        25,778        90,365        2,147,512  
Transfers
            
— From stage 1 to stage 2
      (12,773,218 )       12,773,218        —         —   
— From stage 2 to stage 1
      440,404        (440,404 )       —         —   
— From stage 2 to stage 3
      —         (6,680,981 )       6,680,981        —   
— From stage 3 to stage 2
      —         29,245        (29,245 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (155,003,034 )       (6,770,877 )       (145,309 )       (161,919,220 ) 
Write-offs
      —         —         (6,246,544 )       (6,246,544 ) 
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2024
   
 
116,165,300
 
   
 
1,749,776
 
   
 
2,137,113
 
   
 
120,052,189
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(f)
The following table sets forth the movements of ECL allowance for the year ended December 31, 2024:
 
Year ended December 31, 2024
   
Stage 1
     
Stage 2
     
Stage 3
     
Total
  
    
RMB’000
     
RMB’000
     
RMB’000
     
RMB’000
  
As of January 1, 2024
   
 
4,433,965
 
   
 
1,152,069
 
   
 
1,687,799
 
   
 
7,273,833
 
New loans originated
      3,441,606        —         —         3,441,606  
Acquisition of subsidiaries
      10,178        166        10,435        20,779  
Transfers
            
— From stage 1 to stage 2
      (5,254,705 )       5,254,705        —         —   
— From stage 2 to stage 1
      159,936        (159,936 )       —         —   
— From stage 2 to stage 3
      —         (5,486,549 )       5,486,549        —   
— From stage 3 to stage 2
      —         27,226        (27,226 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (3,217,060 )       (355,499 )       (193,845 )       (3,766,404 ) 
Remeasurements
      6,166,310        652,407        675,702        7,494,419  
Write-offs
      —         —         (6,246,544 )       (6,246,544 ) 
Recovery of loans written off previously
      —         —         325,831        325,831  
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2024
   
 
5,740,230
 
   
 
1,084,589
 
   
 
1,718,701
 
   
 
8,543,520
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
 
(g)
The following table sets forth the movements of the gross carrying amount of loans to customers for the year ended December 31, 2025:
 
Year ended December 31, 2025
   
Stage 1
     
Stage 2
     
Stage 3
     
Total
  
    
RMB’000
     
RMB’000
     
RMB’000
     
RMB’000
  
                             
As of January 1, 2025
   
 
116,165,300
 
   
 
1,749,776
 
   
 
2,137,113
 
   
 
120,052,189
 
New loans originated
      156,689,847        —         —         156,689,847  
Transfers
            
— From stage 1 to stage 2
      (14,562,381 )       14,562,381        —         —   
— From stage 2 to stage 1
      485,176        (485,176 )       —         —   
— From stage 2 to stage 3
      —         (8,538,224 )       8,538,224        —   
— From stage 3 to stage 2
      —         6,021        (6,021 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (152,657,480 )      (3,710,883 )      (55,688 )      (156,424,051 )
 
Write-offs
      —         —         (6,705,917 )      (6,705,917 )
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2025
   
 
106,120,462
 
   
 
3,583,895
 
   
 
3,907,711
 
   
 
113,612,068
 
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(h)
The following table sets forth the movements of ECL allowance for the year ended December 31, 2025:
 
Year ended December 31, 2025
   
Stage 1
     
Stage 2
     
Stage 3
     
Total
  
    
RMB’000
     
RMB’000
     
RMB’000
     
RMB’000
  
As of January 1, 2025
   
 
5,740,230
 
   
 
1,084,589
 
   
 
1,718,701
 
   
 
8,543,520
 
New loans originated
      3,865,466        —         —         3,865,466  
Transfers
            
— From stage 1 to stage 2
      (5,865,285 )       5,865,285        —         —   
— From stage 2 to stage 1
      296,128        (296,128 )       —         —   
— From stage 2 to stage 3
      —         (7,212,690 )       7,212,690        —   
— From stage 3 to stage 2
      —         4,767        (4,767 )       —   
Loans derecognized and other adjustments in the current period (including repayments of loans)
      (4,687,017 )       (1,009,298 )       (371,475 )       (6,067,790 ) 
Remeasurements
      6,148,488        4,226,681        767,056        11,142,225  
Write-offs
      —         —         (6,705,917 )       (6,705,917 ) 
Recovery of loans written off previously
      —         —         543,590        543,590  
  
 
 
     
 
 
     
 
 
     
 
 
  
As of December 31, 2025
   
 
5,498,010
 
   
 
2,663,206
 
   
 
3,159,878
 
   
 
11,321,094